BSEF TALK 1 - THE IMPERATIVE OF HOPE- SELIM EDDE

BSEF TALK 1
THE IMPERATIVE OF HOPE

Mr. Selim Edde, Lebanon

August 2nd, 2019 - 11:15-11:50

Together we Strengthen the roots of our youth

The Bkerke Socio-economic Forum is an initiative of
The World Patriarchal Maronite Foundation for Integral Development.

All Rights Reserved



Salim Eddé

BSEF

August 2, 2019

Overview

• The Murex group
Murex in numbers
Clients
Murex Beirut

• Mim, the museum of Minerals
Minerals
Fossils
Events
Next steps



The Murex Group

• Leading developer of financial software
• Started in 1986. Today: 2,200 employees

Entirely held by management & employees
Turnover 2018: 550 M€. Forecast 2019: ~580 M€
17 offices (Paris, Beirut, Singapore, NY, Dublin, Běijīng,
Tōkyō, etc.)
65 nationalities, average age 35 yr
808 (i.e. 37%) Lebanese (253 AUB, 214 USJ, 74 LU, 70
LAU)

Selected List of Customers

Integrated Trading Solutions: Tier 1 Banks:
Rapidly growing market Best-of-breed solutions for major
global players

Asset Managers/ Insurers:
Helping institutions control their
investment cycle

And More:
Corporates, energy sector, etc.

History of the Beirut office (1)

• Started from the heart, not from the brain
• Ended up being ex-post very logical:

Talent out of university (AUB, USJ, UL, LAU, etc.)
Openness to the world
Loyalty
Appetite for a collective challenge

• Our development in Lebanon today is :

Industrial (Lebanon is an essential part of our product
factory) and
Commercial (Middle East, Africa, Turkey, Greece)

History of the Beirut office (2)

• Started in 2005 by a factory to automate
tests and monitor testing procedures

• Fast team ramp-up: from 40 in 2005 to 200 in
2010. Gained strong credibility

• In Beirut today:

650 employees. Payroll : 47 M$, i.e. ~ 72,000$
salary+benefits /per person
Average age 30 yr, 32% women
40 persons came back from France+USA

Future development areas for Murex Beirut

• Digital revolution under way in all services
(hotels, taxis, retail, etc.)

• Capital markets, investors and states (our
natural clients) will also undergo the same
transformations and will have to equip
themselves accordingly

• There is a need for an actor of this
transformation: we believe that Murex can
be a game changer in this industry, and can
do it out of Lebanon

Can Murex’s experience be repeated?

Yes. Software Ireland v/s Lebanon
Creativity & tradition (editing, printing,
advertising, movies, etc.)
Near-shoring v/s offshoring

Lebanon and the software industry

Industry where the only capital is human
Very good educational system (USJ, AUB, UL,…)
Loyalty
Creativity and tradition (publishing, communication, music,
advertising, movies, etc.)
“Near-shoring” v/s “offshoring”
But: Tax issues

Lebanon

Other areas with competitive advantage

• Any asset-light, brain-heavy and tech-heavy
activity with potential international impact:

Software is high on the list (B2B, B2C, such as gaming
for instance)

But tech-linked services too, such as communication,
consultancy, advertising, knowledge technology or
any service leveraging social media and targeted at
the Gulf

• Water resources
• High value added agriculture
• Biotechnologies
• Model: Ireland



What is a mineral?

• Minerals are the components of all the solid
matter that constitute the Earth’s crust and
its mantle

• About 5,000 minerals found so far on our
planet

• Minerals consist of crystals, which are
periodic arrays of atoms assuming perfect
geometric shapes and displaying a very wide
array of colors

• About 400 minerals provide beautiful
crystals

3 categories of minerals

Precious minerals
Industrial ore
Fluorite (200 Ma!)

Minerals
for
collectors

Museography

Put emphasis:

• First on beauty of nature
(as for plants and
animals)

• Then on scientific,
historical & economical
aspects

Avoid the « museum-
punishment »

The Octahedron

Display columns and Penrose wall

Mendeleev table

Minerals by class

The Treasure

Minerals by country

Fossils from Lebanon

Mimodactylus libanensis

Fossils from Lebanon

Immersive animation

mim as a meeting place

School visits – Night at the museums

Minerals from the collection

Aquamarine

Minerals from the collection

Fluorite Pyrite

Minerals from the collection

Fluorite

Minerals from the collection

Vanadinite Stibnite

Minerals from the collection

Pyromorphite

mim - next steps

• Mineralogy
• Events
• Paleontology of Lebanon
• Fauna and flora of Lebanon